Globalstar (NYSEAMERICAN:GSAT) Shares Gap Up - Here's What Happened

Key Points

• Globalstar's stock opened at $32.82 on Monday after closing at $31.23, and it last traded at $36.83 with over 1.3 million shares exchanged.
• The company has a market capitalization of $4.63 billion and maintains a P/E ratio of -81.48, indicating it is not currently profitable.
• Globalstar provides mobile satellite services globally, including voice and data products for various applications, such as emergency preparedness and remote business operations.

Globalstar, Inc. (NYSEAMERICAN:GSAT - )'s share price gapped up before the market opened on Monday . The stock had previously closed at $31.23, but opened at $32.82. Globalstar shares last traded at $36.83, with a volume of 1,389,001 shares traded.

Globalstar Stock Performance

The company has a market capitalization of $4.63 billion, a P/E ratio of -81.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a 50 day moving average price of $26.60 and a two-hundred day moving average price of $22.69.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.

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